Is a tourist an example of speculative motive?

Yes, a tourist can indeed be an example of a speculative motive for holding foreign exchange. When individuals travel to foreign countries for tourism, they often exchange their domestic currency for the local currency of the country they are visiting. This exchange is driven by the expectation that they will need the local currency to make purchases and pay for services during their stay. In this sense, tourists can be considered to be speculators who are betting that the value of the local currency will remain stable or appreciate relative to their domestic currency.